Archive for category: Events and News

HealthTECH on Track to Double Program Impact

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Growing Financial Award, Building Ecosystem Support and MATTER Co-Host Commitment Mark Expansion

HealthTECH Startup Competition
On the heels of highly successful events in 2013 and 2014, Insight Product Development has effectively doubled the size of its annual health tech innovation program. Now featuring a two-phase health tech competition for early stage Midwest medical device and digital health startups to compete for cash and prizes to advance their technologies toward commercialization, the newly expanded program will be co-hosted by MATTER at WellTech in June 2015, and the Chicago HealthTECH Summit in October 2015. The competition is also on track to double the size of its startup award to $35,000 thanks to growing interest by members of the Midwest business and investment community.

Be the Innovator at Insight Product Development During Chicago Ideas Week!

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Chicago Ideas Week 2015

Insight Selected to host interactive lab this October

Working side by side with Insight’s seasoned innovation team the evening of October 14th, participants will have the opportunity to help fuel the end to end innovation process through their ideas, direct feedback, suggestions and dialogue with assigned Insight researchers, strategists, industrial designers, model makers and engineers.
As part of the lab, participants will move through “innovation challenge stations” throughout Insight’s 38,000 square foot facility where they will identify a real world opportunity to solve a problem, define what a solution should do, brainstorm what form the solution should take, and begin realizing it through storyboards,design sketches and graphic renderings. Participants will also experience model shop making techniques and 3D printed prototypes from the lowest to the highest levels of fidelity, a facility tour, and cocktail reception to celebrate their innovation experience.
Registration for the Insight lab will open to the public on September 8th. To learn more about Chicago Ideas Week 2015, or register, visit https://www.chicagoideas.com/

The Most Interesting Desks in Medtech

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QMed Magazine Showcases Craig Scherer’s inspired workspace at Insight

QMED squareFrom medical device OEM founders to independent technology innovators, QMed magazine says that spying the workspaces of industry pros around the world reveals far more than simple lessons in neatness and clutter - it’s first line insight to the leading minds in medtech.
Take a peek at the super-cool office of Insight’s own Craig Scherer and learn what he had to say about it by checking out the full slide share article here: http://bit.ly/1IZlQuU

Insight Accelerator Labs Member Receives FDA 510(k) Clearance

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Startup PhysIQ Successfully Overcomes Leading Hurdle on the Path to Commercialization

InsightAcceleratorLabsLogoThe focused technology development efforts of Insight Accelerator Labs member PhysIQ were recently rewarded with FDA 510(k) clearance for the company’s personalized physiology analytics system. The startup’s technology, which has been categorized as a Class II device for patient monitoring by the FDA, analyzes a user’s physiological data - including heart rate, respiration rate, oximetry, and blood pressure - to create a personalized baseline for each user and identify exacerbations earlier.

“Without question, FDA clearance is one of the most significant hurdles to overcome, and we’re excited to see PhysIQ reach this major development milestone on their clear path to commercialization,” says Steve McPhilliamy, partner at Insight Product Development, and executive director of Insight Accelerator Labs.

PhysIQ is actively building its platform for any organization that is aggregating biometrics from different devices. The company has already partnered with Samsung on SAMI, a platform Samsung created to collect data from various devices, and with the Scripps Translational Science Institute (STSI) to create a program that uses health sensors to improve the health outcomes of Ebola patients. In 2014 the company raised $4.6 million in a round led by LionBird.

To learn more about Insight Accelerator Labs and its process for helping startups advance their technologies toward commercialization, contact Steve McPhilliamy at [email protected].

Round One Finalists Named in Insight Product Development Startup Competition

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WellTechIndustry Leaders Select Five Up-and-Coming Innovators for WellTech Live Pitch

In the first round of the newly expanded Insight Product Development Startup Competition judging, professionals from MATTER, Baxter and Insight Product Development hand-selected the most promising early stage healthcare innovations to compete for $35K in cash and professional services to further advance their innovations toward commercialization. The finalists, which will live-pitch judges at WellTech on June 25th are 4D Healthware, Helix Analytix, Doc&i, Zest Health and TeleHealthRobotics.

Narrowed from a large round-one competition startup applicant pool, these five finalists will also join other competition front-runners in an innovation showcase at WellTech following the live pitches. Innovation showcase participants include Secarleye, UroProx LLC, Prana Diabetes, Janus Choice LLC, Neximatic, Varsa Health, and Integrative Pain Centers of America Inc.

To learn more about the Insight Product Development Startup Competition, or to register to attend the first phase of the competition at WellTech, visit: https://insightpd.com/healthtech-startup-competition/

Insight to Lead MATTER Workshop Program Through New Partnership

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MATTERInsight director of research and strategy, Carolyn Rose, and senior researcher Abbe Kopra will reveal how high impact product design starts with a deep understanding of the needs of end users and customers at MATTER Chicago.
Carolyn RoseAs part of the Stakeholder Validation Program - a partnership between Insight Product Development and MATTER, Insight will lead multiple workshops to help startups identify the right stakeholders to approach, and the right questions to ask. MATTER member companies will learn how to further investigate their user hypotheses in an unbiased and informative way, assess whether the problem is painful enough that stakeholders would pay for a solution, confirm whether proposed solutions are seen as an effective “painkiller,” and emerge from the workshops with a template interview guide and a deeper understanding of the interviewing process.

Co-founder and senior partner, Craig Scherer shares medical device insights at MD&M East Conference

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Craig Scherer MD&M East 2015

Craig Scherer joined a panel of industry peers at the 2015 MD&M East Conference to share his professional insights. The panel discussion, entitled ‘From Design to Production: Turning a Great Design Concept into a Medical Device Masterpiece’ covered such topics as what makes a disruptive device a success, current devices that apply these disruptive innovation principles, who succeeds, fails, and why, and how to achieve the light bulb moment when designing your next device.

“It was a very lively discussion on the topic of creating disruptive innovation in the medical device industry,” said Scherer. “It was made more rich with panelists from consulting, academia and industry. The key masage? Know your users!”

For more information about this panel discussion, or for more information about the conference, visit the MD&M East Conference page.

Co-founder and senior partner, Craig Scherer judges MDEA Awards

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MDEA-Logo
With over 25 year experience innovating in the medical space, Craig Scherer, senior partner and co-founder of Insight was a judge for the medtech industry’s premier awards program, the Medical Design Excellence Awards.

The winners were announced at the MDEA ceremony held on June 9th in conjunction with the 2015 MD&M East Conference in New York, NY. The event celebrated the achievements of medical product manufacturers, their suppliers, the many people behind the scenes and was attended by over 500 medtech industry leaders.

To learn more about the mission, history and the award program overview, visit the MDEA Program Overview page.

To view this year’s winners, visit the 2015 MDEA awards page.

 

 

Insight Project Wins Edison Award!

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Olympus DIEGO® ELITE™ Multidebrider® Takes Home Silver

With the potential to positively impact millions of ENT surgeries performed annually, the Olympus DIEGO … was awarded the silver award for Dental & ENT Surgical Tools in the 2015 Edison Awards program, Under the Science, Medical & Dental category. Olympus-1With its monopolar and bipolar energy blades, this innovation offers physicians an array of surgery options, reducing instrument exchanges during procedures, reduced bleeding and significantly shortened surgery times.

“We’re proud that our work has been recognized by this highly esteemed program,” says Craig Scherer, co-founder and senior partner at Insight. “The distinction of winning an Edison Award is significant, and underscores the value of our longstanding focus and approach to innovation.”

In the course this development project, Insight performed extensive contextual research to uncover unmet needs that resulted in the DIEGO® ELITE™ feature set and usability features to provide clear market differentiation, and developed the final commercial solution by combining and optimizing technologies that had never before been used in this configuration for this surgical procedure.

Read more about our work on the Olympus project and check out all 2015 Edison Award winners at http://bit.ly/1I3wlMW